Stories from Washington · United States

The US Treasury Department is providing cybersecurity intelligence to the cryptocurrency industry at no cost.

Senator Chris Van Hollen and other Democrats have proposed a new tax targeting the income of millionaires. Democrat Graham Plattner is proposing a wealth tax targeting individuals with assets exceeding $1 billion. The proposed tax would levy a rate of 5-6% on such wealth. Implementation of the tax could potentially generate $4 trillion for the treasury over many years.

President Trump is scheduled to attend the White House Correspondents Association dinner in Washington, D.C. This marks his first appearance at the event as president, following a history of boycotting the dinner during his first term.

The U.S. Department of Justice has dropped its criminal investigation into Federal Reserve Chairman Jerome Powell. The probe originally focused on renovation costs at the Federal Reserve headquarters that the Trump administration claimed were over budget. This decision follows a federal judge's recent ruling quashing subpoenas issued by prosecutors to the central bank.

Major artificial intelligence suppliers are reportedly in significant debate with the Pentagon regarding access to their systems. Some leading AI groups are refusing to grant the Pentagon full control, citing concerns about complete automation. This discussion highlights the complex relationship between AI developers and military entities, particularly concerning data security and control.

Senator Nyamu has introduced legislation aimed at regulating the use of artificial intelligence.

Freddie Mac has issued an immediate update to its guidelines regarding automobile leasing for debt-to-income calculations. Paid off or prepaid automobile leases may now be excluded from a borrower's debt-to-income ratio. This change aims to provide more flexibility for applicants with existing vehicle financing.

The FIFA World Cup 2026 match between the United States and Paraguay has been identified as the most expensive fixture in the group stages. Official data indicates ticket prices reaching $3,000 per seat for the 40,000-capacity event. This highlights the high commercial demand for matches hosted in the United States.

The 'Official Trump' cryptocurrency token experienced a significant market correction, dropping 18.1% to a price of $2.54.

A basketball game involving the Washington Wizards nearly escalated into a shootout due to a conflict between players.